Search Results for: BOA

The US Department of Justice (DOJ) on Thursday announced a $16.65 billion settlement with Bank of America (BOA) to settle claims that it sold precarious mortgage-backed securities to investors. Of the $16.65 billion,...

Citigroup, Inc. on Monday agreed to pay $7 billion to settle a federal inquiry into mortgage-backed securities sold by the bank prior to the country's financial crisis. The deal, which involves one of the largest cash penalties ...

US Attorney General Eric Holder said on Monday that the Department of Justice (DOJ) is in the process of investigating several financial institutions and criminal charges may follow. In the video released by the DOJ,...

The US Supreme Court ruled unanimously Monday in Robers v. United States that the Mandatory Victims Restitution Act (MVRA) requires restitution calculation based upon the property a lender loses, not upon the collateral...

JPMorgan Chase & Co. Settlements with the US Department of Justice The US Department of Justice announced on November 19, 2013 that JPMorgan Chase & Co. had agreed to a record-setting $13 billion settlement over its risky mortgage practices that...

The ongoing saga of major bank settlements with the Department of Justice, Fannie Mae and Freddie Mac is mostly the result of the economic crisis of 2007-2008. Prior to this time, Bank of America and JPMorgan Chase & Co. sold...

The non-profit financial reform advocacy group Better Markets filed a lawsuit on Monday against the US Department of Justice (DOJ) to block JPMorgan Chase & Co.'s (JPM) $13 billion settlement that resolved federal and...

JPMorgan Chase & Co. (JPM) will pay the US government $614 million and improve company mortgage lending practices under a settlement announced Tuesday for claims it approved thousands of unqualified home mortgage loans for government insurance since...

A New York state judge on Friday approved an $8.5 billion settlement between Bank of America (BOA) and almost two dozen mortgage securities investors, holding that the 2011 agreement was reached in good faith. In a 54-page...

The US Department of Justice (DOJ) on Tuesday announced that a $13 billion civil settlement with JPMorgan & Co. has been finalized, resolving federal and state claims arising from the...